The Maharashtra government plans to redevelop 21 acres of land at Machchimar Nagar, Cuffe Parade, said Housing Minister Jitendra Awhad
MUMBAI, Apr 28 (The CONNECT) - The Maharashtra government plans to redevelop 21 acres of land at Cuffe Parade in South Mumbai known as Machchimar Nagar or the fishermen’s city.
Speaking at The Real Estate Forum 2022 Maharashtra Housing Minister Jitendra Awhad stated that of the 21 acres, 15 acres are open spaces. The government intends to involve the slum rehabilitation authority (SRA) which will take care of the process and then hand it over to someone with a vision to develop it further, he said.
Awhad appreciated the efforts taken by the developers in beautifying the financial capital. “The state’s development is linked with its housing industry. The development of Mumbai with no open land available is possible only through redevelopment of the existing spaces. This is helping the society at large,” he said.
The city of Mumbai with a increasing population can’t have a future if the developers don’t participate in its development.
He disclosed that there has been a substantial growth in the amount of premiums collected last year as compared to the last 10 years. “The amount of premium collected by MHADA in nearly ten years that is from the year 2011 to 2021 was around Rs. 1902 crore. However, in the year 2021-2022, in span of just one year we have collected around Rs 1873 crore in premium collection,” the honourable Housing Minister stated.
The honourable Housing Minister also explained that the state government has taken the responsibility of introducing complete transparency in all the housing transactions.